Kevin Hassett: “The higher mortgage rates are actually a good sign for the economy because corporations are borrowing money to build things like data centers instead of lending to homeowners.”

Bassett is so full of shit it is unbelievable. Mortgages are not getting crowded out by demand for factory financing. That is such a stupid lie I can see why he was smiling like a circus clown when he said it.

— Patrick Strother (@PatrickStrother) October 2, 2026